The central government wants the Reserve Bank of India to set up a fund to buy out stressed assets of the country’s top 25 shadow
Category: IBC-SEBI
Karvy Stock broking: Karvy scandal appears to have been almost too easy to pull off – The Economic Times
By Dhirendra Kumar Stock investors are in a tizzy because of the Karvy scandal. Equity investing in India is difficult enough without worrying about whether the
Law firms are laughing all the way to the bank amid swelling IBC, GST cases–Economic Times
There seems no slowdown in the business of law as the country’s legal sector has increased its fee income by more than 62% in two years at
Jai Balaji Industries: Omkara ARC rejigs debt bought from banks – The Financial Express
After Edelweiss ARC acquired over 12% stake in Jai Balaji Industries, which escaped an insolvency proceeding, as a process of restructuring a part of the beleaguered
Bank fraud: ED attaches Rs 5-cr assets of Rajasthan gems exporting firm, promoters – The Financial Express
The ED has attached assets worth over Rs 5 crore in connection with an alleged bank loan fraud and money laundering probe against a Rajasthan-based
Relief to firms! SC strikes down ‘automatic stay’ for arbitral awards – The Financial Express
A Bench led by Justice RF Nariman while striking down Section 87, as inserted by the 2019 Amendment Act, said that the provision was “manifestly
Chandra’s exit from Zee is an example of how to handle crisis with dignity | Business Standard News
The ‘so sad’, ‘end of an era’ commentary around Subhash Chandra’s resignation as Zee chairman is misplaced. What makes the 69-year-old Chandra a good entrepreneur — his
The Mudra problem | Business Standard Editorials
On Tuesday, Reserve Bank of India Deputy Governor M K Jain highlighted a dangerous trend: The rising levels of bad debt in the small-scale loans being handed out under the government’s
RBI: RBI red flags rising Mudra bad loans–Economic Times
Reserve Bank deputy governor MK Jain on Tuesday warned bankers about the growing stress in Mudra loans, which has crossed more than Rs 3.21 lakh crore
Yogi Adityanath: UP govt will pay back PF money invested in DHFL: Yogi Adityanath – The Economic Times
Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said that his government will pay back the Provident Fund money of state power corporationNSE -2.11 % employees invested in the scam-hit DHFLNSE
NCLT approves Royale Partners Investment’s bid for EPC Construction – The Economic Times
The bankruptcy court has approved a resolution plan submitted by Mauritius-based Royale Partners Investment Fund for EPC Construction India to revive the company that was previously known as Essar Projects India. The foreign
Inclusion of NBFCs under IBC credit positive for lenders: Moody’s – The Financial Express
The credit rating agency said that it expected the RBI to selectively approach the IBC to resolve NBFIs with severe liquidity or solvency issues or
Govt may amend IBC, go for buyer protection and stricter homebuyers’ norms | Business Standard News
The Insolvency and Bankruptcy Code (IBC) is likely to undergo further changes, as sources say the Ministry of Corporate Affairs (MCA) would soon move amendments to the
Karvy crisis: Bankers raise concern with NSE and Sebi over exposure | Business Standard News
Banks and financial companies including ICICI Bank and HDFC Bank have met senior officials of the stock exchanges and raised concern over their exposure to Karvy’s companies, said two
IL&FS: NCLT asks Axis, StanChart CEOs to be present on Dec 16, bankers may seek review – The Economic Times
The tribunal has fixed the next date of hearing on December 16 and asked Chaudhry and Daruwala to be present and noted that both these
Karvy | Sebi: Sebi rules on share separation leave brokers shaken – The Economic Times
The stock broking industry is undergoing an unprecedented shakeup. The trigger is the capital market regulator’s seemingly innocuous set of rules on separation of client shares from
Non-Performing Assets: Gross NPAs of SCBs decline by 98K cr by June: Govt – The Economic Times
The gross non-performing assets (NPAs) of scheduled commercial banks (SCBs) have declined by nearly Rs 98,000 crore to Rs 9.38 lakh crore by June-end this year, Minister
Corporate tax cut, new Fund good for property sector | Deccan Herald
A moot point now, in the residential real estate space, is whether the industry will use the new-found liquidity to bring down prices and piled up
Morality-play can’t be good governance – The Financial Express
Prime minister Narendra Modi struck the right note when, at a conclave of the CAG on transforming audit, he spoke of how CAG needed to—apart from using
Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution – The Economic Times
A clear direction on this will not allow occurrence of cases like Bhushan Power and Steel Ltd (BPSL). The government plans to amend the Insolvency and
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